The Clearing House Payments Company has announced that "UPIC payments soared in 2006, as a record number of companies, government agencies and universities began receiving secure electronic payments via the unique bank account identifier."   » Continue Reading

The Electronic Payments Network (EPN), the ACH business of The Clearing House Payments Company L.L.C., has announced that the number of UPIC payments increased tenfold to 47,700 through the first three quarters of 2006, compared to the same period a year ago. Institutions now issuing UPICs include Citibank, Commerce Bank, HSBC Bank, JPMorgan Chase, M&T Bank, Mellon, PNC, State Bank of Long Island, Sterling National Bank, Union Bank of California, USBank and Wachovia Bank.   » Continue Reading

Payformance Corporation has announced that it is offering an additional level of fraud security through support of the Electronic Payment Network’s UPIC secure account identifier. A UPIC (Universal Payment Identification Code) is a unique identifier that masks the actual bank account numbers of corporate payees when electronic payments take place.   » Continue Reading